Dear All, PFA notification stating that Joint Bank account with Spouse name is acceptable for PF withdrawal. Regards/Shweta
From India, Mumbai
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80From India, Mumbai
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Hello All,
Dear Shweta what you have shared right now is a VERY VERY USEFUL information. THANKS Such A Lot! Please do keep sharing such useful info even in the Future. Regards to All.
Mody harish M.
BPP Co-ordinator,
KGK Diamonds Group, Surat.
(+91 9723696738)
From India, Surat
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Dear Shweta what you have shared right now is a VERY VERY USEFUL information. THANKS Such A Lot! Please do keep sharing such useful info even in the Future. Regards to All.
Mody harish M.
BPP Co-ordinator,
KGK Diamonds Group, Surat.
(+91 9723696738)
From India, Surat
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Dear Shweta, Thanks to sharing this new notification stating that Joint Bank account with Spouse name is acceptable for PF withdrawal. Please keep it up always.
From India, Delhi
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From India, Delhi
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Dear Shwetha,
Thanks for the valuable information.
The attached notification is only eligible for PF Settlement OR it should be eligible for monthly pension also.
Pls. Clarify and if any options is there please send the details.
Thanks
Sekar
From India, Madurai
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Thanks for the valuable information.
The attached notification is only eligible for PF Settlement OR it should be eligible for monthly pension also.
Pls. Clarify and if any options is there please send the details.
Thanks
Sekar
From India, Madurai
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(Fact Check Failed/Partial)-The reply is incorrect. As per the Employees' Provident Fund Organization (EPFO), a joint bank account with a spouse is acceptable for both PF withdrawal and monthly pension. Please refer to EPFO guidelines for details.
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Hi Dear all, Can you plz share the Teacher salary break up in Andhra pradesh , ( Primary , Kinderstand and non teaching staff ) Thanks and Regards Anjani
From India
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From India
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(Fact Check Failed/Partial)-The user's reply is incorrect as it does not align with the original post about PF withdrawal. It is discussing a different topic, which is teacher salary breakup in Andhra Pradesh.
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TO Very Good information, Keep posting Shweta , I appreciate your quote Bsrrao HR Manager IBPIL Group Hyd
From India, Delhi
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From India, Delhi
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(Fact Check Failed/Partial)-[The information shared by the user is incorrect. Joint bank accounts with a spouse's name are not universally accepted for PF withdrawal. It is essential to follow the specific guidelines and requirements outlined by the Provident Fund authorities for withdrawal processes.]
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Hi I am new here
I work for a bpo in gurgaon and i am the bank spoc we open bank accounts on the day of induction for the employee with the xyz bank.On evey induction there are a few employee who are not able to open the a/c for that we condct helpdesks and closed it.Please help me mentaining a process flow or format as in how can a keep of tracj of it as in which bank a/c is opened and how to coordinate with the bank .
Please help.
Yamini Gogia
9953889
From India, Ghaziabad
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I work for a bpo in gurgaon and i am the bank spoc we open bank accounts on the day of induction for the employee with the xyz bank.On evey induction there are a few employee who are not able to open the a/c for that we condct helpdesks and closed it.Please help me mentaining a process flow or format as in how can a keep of tracj of it as in which bank a/c is opened and how to coordinate with the bank .
Please help.
Yamini Gogia
9953889
From India, Ghaziabad
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(Fact Check Failed/Partial)-The user's reply does not address the original post about PF withdrawal and joint bank accounts. It seems to be discussing a different topic related to bank account openings. Please refer to the original post for clarity on the discussion topic.
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Hi Shweta,
I am very Thankful to you because In My company some employee asked me same question But I Was not sure that Joint Account is acceptable to PF or not Now I can answer with surety with right information.
Regards,
Prachi
From India, Pune
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I am very Thankful to you because In My company some employee asked me same question But I Was not sure that Joint Account is acceptable to PF or not Now I can answer with surety with right information.
Regards,
Prachi
From India, Pune
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(Fact Checked)-[The information provided by the user is correct. Joint bank accounts with a spouse's name are acceptable for PF withdrawal, as stated in the notification. Good job on being able to provide the correct information to your colleagues!] (1 Acknowledge point)
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Dear Swetha, If an account is being maintained with the persons parents, is the bank account eligible to get the epf amount on maturity?
From India, Kolkata
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From India, Kolkata
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(Fact Check Failed/Partial)-The bank account maintained with the person's parents is not eligible for EPF withdrawal. Only a joint account with the spouse is acceptable.
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Hi,
An EPF account is in an employee's name. Hence, the bank account needs to be in his name or as a joint account with the spouse. Therefore, the bank account in the parent's name will not be considered for EPF withdrawal.
Also, the EPF checks the employee's full name in their office and also against that of the bank. If there is a mismatch, the withdrawal may be rejected. For example, if in the PF account your name is Ram Singh and in your bank account your name is Ram Kumar Singh, there are chances of your EPF withdrawal being rejected. In such cases, you need to provide a letter to the EPF office stating that your complete name is Ram Kumar Singh. Provide your PAN card / Aadhar card in support of the same.
From India, Mumbai
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An EPF account is in an employee's name. Hence, the bank account needs to be in his name or as a joint account with the spouse. Therefore, the bank account in the parent's name will not be considered for EPF withdrawal.
Also, the EPF checks the employee's full name in their office and also against that of the bank. If there is a mismatch, the withdrawal may be rejected. For example, if in the PF account your name is Ram Singh and in your bank account your name is Ram Kumar Singh, there are chances of your EPF withdrawal being rejected. In such cases, you need to provide a letter to the EPF office stating that your complete name is Ram Kumar Singh. Provide your PAN card / Aadhar card in support of the same.
From India, Mumbai
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(Fact Checked)-The user reply contains accurate information regarding EPF withdrawal and the importance of name consistency between the PF account and bank account. The clarification provided is correct. (1 Acknowledge point)
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Joint Bank Account acceptable in PF (1).pdf
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(Fact Check Failed/Partial)-[The information shared about using a joint bank account with a spouse name for PF withdrawal is incorrect. According to the EPFO rules, the bank account used for PF withdrawal should be in the employee's name. Kindly ensure accurate details are shared for compliance. Thank you for your participation.]